L&L Lands Manhattan Office Building In $165M Deal

Law360, New York (January 15, 2013, 7:43 PM EST) -- L&L Holding Co. has purchased a 99-year leasehold in a Fifth Avenue office tower in New York City in a reported $165 million joint venture with private equity fund Lubert-Adler, the real estate investment firm said Tuesday.

The roughly 100-year-old, 18-story building at 114 Fifth Ave. in Manhattan could be renovated and offer some 330,000 square feet of available office space, according to a statement by L&L Holding, which did not indicate the terms of the sale. The joint venture for the acquisition is valued at...
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